1. Sir,
We are a Registered MSME in Karnataka. We had effected Inter State sales of Components to our clients duly following the procedures under the GST Act . The customers have also already taken the Input Tax Credit of the Tax paid by them in their Returns. But so far they have not made any payment to us on our Supply to them .
Please advice us whether there is any provision in the GST Act to collect the Invoice Value ? If so, what is the procedure, please . What are the other option open to us to collect the money? Expecting the advice from experts.
S.K.Chopra
MSME Seeks Solutions for Unpaid Invoices Under GST Act; Expert Highlights Section 9(1) and MSMED Act Options A registered MSME in Karnataka raised a query about collecting unpaid invoice values for interstate sales under the GST Act. Despite customers claiming input tax credit, payments remain outstanding. An expert advised that customers must pay within 180 days to retain their input tax credit; otherwise, it must be reversed. However, the GST Act lacks provisions for enforcing payment collection. Another expert mentioned Section 9(1) of the CGST Act, which pertains to tax collection from buyers. It was suggested that the MSMED Act might offer a solution for recovering dues. (AI Summary)
TaxTMI 
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